EUR Trading Outlook (03-01-2011)

The Euro (EUR) rallied above 1.3400 as the Dollar came under pressure and fears subsided temporarily about the future of EU debt. With most stock markets closed there was little catalyst or reason for the moves. &nbsp EUR/USD traded with a low of 1.3280 and a high of 1.3425 before closing at 1.3390. Looking ahead, December PMI forecast at 56.8.

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